Reports circulated this weekend that the Barclay brothers may be considering increasing their bid for Hollinger International, owner of the Daily Telegraph in the UK.A potential offer of $20 per share for the 70% of shares which are publicly listed is understoodto be on the cards. The Barclays current offer of $18 per share has… Continue reading Barclays May Increase Hollinger Takeover Bid
Former BBC director general, Greg Dyke, has revealed that the entire BBC board of Governors came close to resigning as the Corporation descended into chaos following the publication of the Hutton Report.Dyke, who stepped down last week, said he had urged the ten-strong board of Governors not to quit following the conclusions of Lord Hutton’s… Continue reading Entire BBC Board Of Governors Came Close To Quitting
Yahoo! UK & Ireland has doubled the size of its UK sales operations with the launch of a strategic agency team that will work to double advertising revenue over the next twelve months.The company has recruited staff from a number of traditional media companies, including Emap, Viacom and ZenithOptimedia, to create a team that will… Continue reading Yahoo! Doubles Sales Operations With New Agency Team
Fourteen years of gradual consolidation of the ITV Network have finally come to fruition with the long-awaited merger of Carlton and Granada creating a single ITV company worth more than £5 billion.ITV plc made its first appearance on the stock exchange this morning with a share price of 143˝p. Shares in Carlton and Granada were… Continue reading ITV Enters New Phase With Merger Completion
Strong financial results from some of the world’s largest advertisers point to an improving outlook for the media and advertising sector, according to Lehman Brothers analysts.Also On MediaTelINSIGHT today…INSIGHTanalysis: ITV plcFourteen years of gradual consolidation of the ITV Network this morning came to fruition, with the long-awaited merger of Carlton and Granada to create a… Continue reading MediaTelINSIGHT: Client Results Provide Advertising Upswing
Maiden saw a “very clear recovery” in sales demand in the second half of 2003, and expects full year pre tax profits to reach between £5.3m and £5.5m. In an upbeat trading report the outdoor advertising group said that revenues strengthened considerably throughout the year, and sales were particularly good in the final five months.… Continue reading Maiden Reports “Very Clear Recovery” In Second Half Of 2003
Maiden saw a ‘very clear recovery’ in sales demand in the second half of 2003, but it expects full year pre tax profits to be lower than forecast, at between £5.3 million and £5.5 million. Analsyts had predicted the company’s profits to reach between £6 million and £6.7 million. In an upbeat trading report issued… Continue reading Maiden Issues Profits Warning
Hollinger International, the holding company of Hollinger Inc, has rejected a takeover approach by the Barclay brothers, which would have valued the company at $1.4 billion. It is believed to have rejected the deal because the 20% premium the Barclays offered was not high enough. The brothers have already agreed a $400 million deal with… Continue reading Hollinger International Rejects Barclays’ Bid
Capital Radio was the main beneficiary from the latest RAJAR listening figures for the fourth quarter of 2003 with shares rising by 4.28%. GWR saw stock fall by 3.72% and Chrysalis dipped by 2.73% (see RAJAR Results: Q4 2003: Heart Keeps Capital Under Pressure).Meanwhile, profit takers left their mark on the sector and Reuters dipped… Continue reading Sharewatch: Radio Groups In Focus After RAJAR Results
Highbury House Communications, publisher of Front and Fast Car, has issued an upbeat trading report. Trading in the last two months of 2003 had been in line with expectations, it said, and it expects profits for the full year to be as forecast.The company said that its shift towards becoming a pure consumer publisher, and… Continue reading Highbury House Profits In Line With Market Forecasts
